VNUS quarterly profit up; 4Q view below analysts' outlook

SAN FRANCISCO (MarketWatch) -- VNUS Medical Technolgies
vnus
after Thursday's closing bell reported third-quarter net earnings of $1.65 million, or 11 cents a share, compared with $995,000, or 9 cents a share, a year ago. Revenue was $12.1 million, up from $10.1 million last year. The company forecast fourth-quarter earnings of $700,000 to $1 million, or 4 cents to 6 cents a share, on revenue $12 million to $12.4 million. It sees 2005 earnings of $5.3 million to $5.6 million, or 34 cents to 36 cents a share, on revenue of $47.7 million to $48 million. Analysts surveyed by Thomson First Call expect fourth-quarter earnings of 10 cents a share on revenue of $15 million, and 2005 earnings of 34 cents a share on revenue of $51 million.

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